Senior Staff

John W. Auchincloss, Executive Director

John W. Auchincloss was appointed Executive Director of the Financial Accounting Foundation (FAF) in February 2020. Before he was named acting president in May 2019, Mr. Auchincloss served three years as FAF vice president, general counsel, and assistant secretary. In that role, he was responsible for the FAF’s legal and compliance functions and provided strategic legal advice and guidance to the FAF, the Financial Accounting Standards Board (FASB), and the Governmental Accounting Standards Board (GASB).

Mr. Auchincloss has deep experience with nonprofit governance, tax, and regulatory issues. Prior to joining the FAF, he served as general counsel and secretary for Commonfund, a private, nonprofit asset management firm.

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Matthew J. Broder, Vice President, Public Affairs

Matthew J. Broder was appointed vice president, public affairs by the Financial Accounting Foundation (FAF) in June 2016. In this role, Mr. Broder has overall responsibility for FAF, FASB, and GASB communications, external relations, and government affairs activities—including executive, internal, social, and web-based communications.

Mr. Broder brings extensive communications experience to the FAF. Prior to joining the FAF, he served as vice president, Corporate Communications for Daymon Worldwide, a global leader in consumables retailing. There, Mr. Broder was responsible for all internal, external, and digital communications for the private-branding firm’s U.S. operations.

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Mary P. Crotty, Chief Operating Officer

Mary P. Crotty was appointed Chief Operating Officer of the Financial Accounting Foundation in November 2014. In this role, Ms. Crotty manages the Foundation’s business operations, including technology, finance, publications, and other key business activities. She brings to her role an extensive background in corporate operations and governance.

Ms. Crotty joined the FAF team from Bank of America, where she was a managing director and, for four years, leader of the Corporate Compliance and Regulatory Relations groups. Prior to that, she held a variety of roles, including global compliance risk chief operating officer and business support executive in Global Markets and Global Research.

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Elizabeth Ann Garti, Vice President, Human Resources

Elizabeth Ann Garti was appointed vice president, human resources by the Financial Accounting Foundation (FAF) in April 2018. In her role, Ms. Garti will have a central part in the FAF’s efforts to attract and retain top talent to the organization, including the FASB, GASB, and FAF staff. She also will provide support to the FAF Board of Trustees as it identifies and appoints members to the FAF Board of Trustees and the standard-setting Boards. As leader of the organization’s in-house human resources team, Ms. Garti will work to deepen the organization’s efforts in recruitment, diversity, professional development, and work-life balance, among other areas.
Ms. Garti has more than 25 years of global human resources experience across the nonprofit and private sectors. She most recently served as associate vice president of human resources at Pace University.

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Steven A. Hobbs, Vice President, General Counsel and Assistant Secretary

Steven Hobbs was named vice president and general counsel by the Financial Accounting Foundation (FAF) in April 2020 and appointed assistant secretary in January 2021. He previously served as outside counsel since 2019, and succeeds John W. Auchincloss, who was appointed FAF executive director.  In his role, Mr. Hobbs will conduct and oversee the primary legal duties of the general counsel’s office, including handling contracts, governance matters, managing outside counsel, and providing counsel on general legal issues facing the organization.

Mr. Hobbs brings to this work extensive experience in corporate law both as in-house counsel and at a large law firm, in addition to experience as a senior business executive.  In 2004, Mr. Hobbs, joined Hearst Corporation where he held several executive roles of increasing responsibility, including chief legal and development officer of Hearst-Argyle Television, Inc., a NYSE-listed company.  His responsibilities at Hearst culminated with his service as executive vice president, deputy group head and chief development officer of the Hearst Business Media division.

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Kimberley R. Petrone, Chief of Staff

Kimberley R. Petrone is chief of staff of the Financial Accounting Foundation (FAF). Appointed to this role in October 2014, Ms. Petrone assists the FAF executive director in the planning and coordination of various administrative, oversight, and strategic activities. She also assists the FAF Board of Trustees in its oversight of the post-implementation review (PIR) process.

Previously, Ms. Petrone was director of the FAF PIR team, and a member of the FASB staff from 1989 to 2010. Before joining the FASB staff, Ms. Petrone was a corporate accounting and financial reporting manager with Savin Corporation, and an accounting and tax reporting supervisor with AMAX Inc.

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